EARNINGS PER SHARE (Tables)

9 Months Ended

Jun. 30, 2019

Schedule of Earnings Per Share Basic and Diluted

The following table presents the calculation of the Company's basic and diluted earnings per share for:



	Three Months Ended						Nine Months Ended
	June 30,						June 30,
(Thousands, except per share amounts)	2019			2018			2019		2018
Net (loss) income, as reported	$	(8,402	)	$	(14,274	)	$	151,419	$	249,691
Basic (loss) earnings per share
Weighted average shares of common stock outstanding-basic	89,600			87,888			88,995		87,493
Basic (loss) earnings per common share	$(0.09)			$(0.16)			$1.70		$2.85
Diluted earnings per share
Weighted average shares of common stock outstanding-basic	89,600			87,888			88,995		87,493
Incremental shares ⁽¹⁾	—			—			407		391
Weighted average shares of common stock outstanding-diluted	89,600			87,888			89,402		87,884
Diluted (loss) earnings per common share ⁽²⁾	$(0.09)			$(0.16)			$1.69		$2.84


(1)	Incremental shares consist primarily of unvested stock awards and performance shares.

(2)

Since there was a net loss for the three months ended June 30, 2019 and 2018, incremental shares of 409,000 and 402,000, respectively, were not included in the computation of diluted loss per common share, as their effect would have been anti-dilutive.There were no anti-dilutive shares excluded from the calculation of diluted earnings per share during the nine months ended June 30, 2019 and 2018.